A society may create, maintain, and operate, or may establish organizations to operate, not-for-profit institutions to further the purposes permitted by § 31-5302(a)(2). Such institutions may furnish services free of charge or at a reasonable charge. Any real or personal property owned, held, or leased by the society for this purpose shall be reported in every annual statement.
(Apr. 29, 1998, D.C. Law 12-86, § 1210, 45 DCR 1172.)
1981 Ed., § 35-1239.
Structure District of Columbia Code
Title 31 - Insurance and Securities
Chapter 53 - Fraternal Benefit Societies
§ 31–5302. Operation for benefit of members and their beneficiaries; bylaws
§ 31–5303. Qualifications for membership
§ 31–5305. Liability of officers and members
§ 31–5307. Organization of societies
§ 31–5309. Operations of nonprofit institutions
§ 31–5311. Consolidations and mergers
§ 31–5312. Conversion of fraternal benefit society into a mutual life insurance company
§ 31–5315. Benefits not attachable
§ 31–5317. Nonforfeiture benefits, cash surrender values, certificate loans, and other options
§ 31–5321. Applicability of provisions
§ 31–5322. Valuation standards for certificates
§ 31–5325. Examination of societies; no adverse publications
§ 31–5326. Foreign or alien society; admission
§ 31–5327. Injunction; liquidation; receivership of domestic society
§ 31–5328. Suspension; revocation or refusal of license of foreign or alien society
§ 31–5330. Licensing of agents
§ 31–5331. Unfair methods of competition; unfair and deceptive acts and practices